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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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From: ravenseye	11/13/2014 11:03:57 AM
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here we go again, Bank of America, Citigroup Said to Sell Soured Home Loans By Heather PerlbergNov 12, 2014 2:42 PM CT bloomberg.com ...Lenders have accelerated sales of defaulted mortgages to avoid the costs of holding the debt... ...About $30 billion of of bad loans probably will change hands in the second half of this year, according to Michael Nierenberg, chief executive officer of New Residential Investment Corp., which invests in mortgage-related assets. About $30 billion of the debt was sold in the first half, more than the roughly $25 billion traded in all of 2013, New Residential estimates. ...

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